What Friends Taught Us About Buying An Apartment

Apartment living, specifically New York apartment living, played a central role in the much-loved TV show Friends, providing a backdrop for the lives of our best-loved twenty-somethings, and preparing an entire generation for predominantly apartment-based lifestyles. 

Now, with as many as two in ten Americans in hotspots like New York enjoying apartment life, it’s fair to say that, even thirty years later, it doesn’t get better than this for seeing first-hand what apartment life actually entails. Here, we consider the best lessons that Friends had to offer, and how you can turn those same insights towards your hunt for an apartment moving forward. 

Lesson 1: Always choose your neighbors wisely

As well as being a much-loved (in the end) character, Mr. Heckles from Friends wasn’t exactly what you would call a decent neighbor. In fact, his banging on the ceiling at even the smallest noises was so ridiculous that it became a running joke. In reality, however, a neighbor like this could make your living situation incredibly difficult. As such, the first lesson that you’re going to need to apply to your apartment hunt is that you should always seek properties with decent neighbors. Obviously, you can't knock on the doors of everyone in a building before buying! However, you can take certain precautions, such as buying in celeb-heavy complexes where you know your neighbors will keep to themselves, or simply taking note of the condition of your neighbor’s properties, how friendly people seem, and whether you notice any noise disruption or other issues during a viewing.

Lesson 2: If you love pets, factor for them in your search

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From Marcel through to Chicken and Duck, pets were as much a part of Friends as the friends themselves, and that leads us to our next crucial lesson – if you want pets, factor for them in your apartment search. The simple fact is that not all apartment complexes allow animals, and you won’t want to compromise your property by breaking those rules. Other options, like these cat friendly apartments, will allow certain animals for an agreed fee. In other cases, you may find that apartments are entirely open to animals of all shapes and sizes. Just do your research, and make sure that there’s room for your four (or two…) legged friends before making an offer. 

Lesson 3: Choose locations near to friends...or not

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Ultimately, Friends is a lesson in friendship, and the importance of being close to the people we love. Buying in a city filled with your nearest and dearest is certainly a great way to ensure that you’re able to put roots down in. Be warned, however, that living across the hall from your closest friends (or even across the street, as Ross found out the hard way…) doesn’t always buy you the privacy, and happy living arrangements, that you need to settle into the perfect apartment.

Apartment living can be great, but it can also get complicated. Get past that by learning from your Friends, and avoiding these pitfalls at the viewing stages! 

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Fortnightly vs. Monthly Mortgage Payments: Which Strategy Saves You More?

When paying off a home loan, the timing of your repayments can have a surprising impact on how much interest you end up paying over the life of the loan. Many borrowers simply accept the default monthly repayment structure, but switching to fortnightly payments can sometimes reduce the term of the loan and save thousands in interest.

The question is, which option works best for your circumstances?

Understanding How Repayment Frequency Works

Mortgage repayments are usually calculated on a monthly basis. However, lenders often allow borrowers to make fortnightly or even weekly payments. While it may seem like a small adjustment, repayment frequency changes how often money is applied to your loan, which can affect the total interest charged.

• Monthly repayments: 12 payments in a year.

• Fortnightly repayments: 26 payments in a year, roughly the equivalent of 13 monthly repayments.

That extra month of payments each year is where potential savings come into play.

The Case for Fortnightly Payments

Making repayments every two weeks can help borrowers shave years off their loan term. Here’s why:

• Extra repayments: By paying half your monthly amount every fortnight, you effectively make the equivalent of 13 monthly payments in a year, not 12.

• Interest savings: Interest is calculated daily, so reducing the balance more frequently means less interest accrues.

• Shorter loan term: Even without consciously paying extra, the structure of fortnightly repayments reduces the time it takes to clear your mortgage.

For borrowers who can manage the slightly tighter cashflow cycle, the benefits can be substantial.

Why Some Borrowers Prefer Monthly

Not everyone finds fortnightly repayments convenient. For many, monthly repayments line up more easily with salary payments or personal budgeting. It also provides a sense of predictability, with just one repayment to plan for each month.

While monthly payments may not generate the same interest savings as fortnightly, they still provide consistency and less administrative hassle for households that prefer simple money management.

Lifestyle and Cashflow Considerations

Choosing between fortnightly and monthly isn’t just about the math. It comes down to how you manage your household finances.

• If your income arrives fortnightly, aligning mortgage repayments with your pay cycle may make sense.

• If your income is monthly or irregular, sticking with monthly repayments may feel smoother.

• Some borrowers like the discipline of fortnightly payments—it forces regular contributions and prevents overspending.

Ultimately, the best option is the one that supports both your financial goals and your lifestyle.

Can Extra Repayments Do the Same Job?

Some borrowers prefer to stick with monthly payments but make additional contributions whenever possible. This can be just as effective as fortnightly payments, provided you’re disciplined. Whether you direct lump sums from bonuses, tax returns, or savings into your mortgage, the result is the same—lower principal, less interest, and a shorter loan term.

The key is ensuring your loan allows extra repayments without penalty, something worth checking with your lender upfront.

Speaking With a Professional

For those unsure which repayment structure suits their circumstances, it’s worth having a conversation with a mortgage broker Sydney based. Brokers can model repayment scenarios across different lenders, showing how fortnightly versus monthly plays out in real numbers. They can also factor in loan features like offset accounts or redraw facilities that may further reduce interest costs.

Final Thoughts

There’s no single right answer when it comes to repayment frequency. Fortnightly payments can deliver meaningful savings over time, but they also require a cashflow rhythm that not every household can maintain comfortably. Monthly payments, while less aggressive in cutting down interest, still offer reliability and simplicity.

The most important step is to actively consider your options rather than defaulting to whatever your lender sets. Whether you choose fortnightly or monthly, structuring your repayments with a clear plan helps ensure your home loan works for you—and not the other way around.

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SERHANT. launches Williamsburg new development

Images Courtesy of NoTriangle Studio

The Bogard New York Team, one of the top luxury real estate teams at SERHANT., today announced sales of The Orson, a boutique new development located at 402 Union Avenue in Williamsburg, Brooklyn.  The property was developed by Ranco Capital with KAO-HWA-LEE serving as architect and interiors by Makers Collective.

Nestled on a corner lot, The Orson comprises six units including one two-bedroom duplex, three three -bedroom floor-through units, and two three-bedroom penthouses.  Most  units boast coveted corner frontage accentuated by oversized windows framed with custom 32-inch-high wainscotting.  Intentionally designed with heritage finishes to create timeless residences, there are herringbone floors of oak wood, wainscotting, high base-boards, and double panel and steeped door frames with brass hardware.  Kitchens feature walnut shaker cabinetry and Calcutta Vagle Rosatto polished marble countertops and an appliance suite from Bertazzoni and Fisher & Paykel; the bathrooms have oak cabinetry and Nordic Grey, Honed Marble.

“We take a very thoughtful approach to our developments to ensure we craft warm homes with an enduring design,” said Avrumy Gluck of Ranco Capital.  “With The Orson, we wanted a building that delivers unparalleled beauty and uncompromising quality – every material, finish, and detail was carefully curated to bring a timelessness not just to the residences, but to its future residents.” 

Residences of The Orson are entered via keyed elevator access.  Amenities include a secure package room and a furnished rooftop deck with lush planters, an inviting pergola, Ipe wood sunbathing area, outdoor kitchenette with grilling station, and breathtaking Manhattan skyline views.

“The Orson is an elegant building that brings a modern yet cozy feel to each of its units, offering a private sanctuary in the heart of a neighborhood known for its energy and culture” said Mallory Bogard, licensed associate real estate broker and co-founder of The Bogard New York Team at SERHANT. “With median sales prices in Williamsburg up nearly 4% year-over-year, The Orson provides a unique opportunity to own a spacious, quality home in an in-demand market.”

Sales of The Orson are being led by Brandon and Mallory Bogard. 

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The Modern Commune: Inside New York’s Growing Co-Living Trend

Living with 23 housemates might sound like a chaotic nightmare to some, but for Ishan Abeysekara, a 33-year-old professional in Brooklyn, New York, it's a lifestyle choice that brings connection, community, and convenience. As the cost of living in major cities like New York continues to climb and the challenges of forming new friendships as an adult persist, co-living arrangements like Cohabs offer a compelling solution. But is this modern approach to communal living the future of urban life, or just a passing trend?

Co-Living: The New Urban Reality?

Co-living spaces like Cohabs are popping up in cities worldwide, responding to a growing demand for affordable housing and built-in communities. Unlike traditional shared apartments, co-living spaces are designed to foster a sense of community while offering flexibility and affordability—attributes that are becoming increasingly rare in today's urban housing market. For Ishan, who moved from London to New York in late 2022, the decision to opt for co-living was driven by practicality and a desire to build new roots quickly.

He articulates a sentiment that resonates with many urban dwellers: "As you grow older, making friends as an adult gets more challenging." Co-living, he says, offers a ready-made community and a chance to make new connections in a city known for its overwhelming pace and often isolating nature.

From College Dorms to Adult Communes: How Co-Living Differs

While the setup might conjure images of chaotic college dorms, there are key differences. The residents of co-living spaces like Ishan's tend to be more mature, respectful, and committed to creating a harmonious living environment. With shared amenities like a spacious kitchen, multiple refrigerators, a rooftop terrace, a gym, and a TV room that can comfortably fit all 24 residents, the infrastructure supports both community and privacy.

But the allure of co-living is more than just shared costs and convenience; it's about fostering genuine human connections. In an age where digital communication often trumps face-to-face interaction, co-living creates organic opportunities for social engagement—whether through communal dinners, workout challenges, or simply sharing a cup of coffee on the terrace.

The Upsides and the Realities of Co-Living

However, co-living isn't without its drawbacks. The transient nature of some residents can make it difficult to form lasting bonds. As Ishan points out, "If people are only here for three months, it's a bit hard to make a connection." Moreover, sharing spaces with over 20 people can come with occasional inconveniences, like waiting for a shower. But for Ishan, these are minor annoyances compared to the benefits of living in a dynamic, social environment.

The most significant advantage? For Ishan and others like him, co-living isn't just about having a roof over their heads. It's about creating a supportive micro-community that can help combat the loneliness and isolation that often accompanies moving to a new city or living alone. "I think I've met some people who I feel like I'll still be friends with when I'm 60," he reflects—a testament to the depth of connections that can form in these shared spaces.

A Glimpse into the Future of Urban Living

The rise of co-living spaces like Cohabs is reflective of broader shifts in urban living and housing trends in NYC. As cities become denser and more expensive, traditional notions of privacy and personal space are being reimagined. The success of these ventures raises interesting questions: Are we moving toward a more communal way of life out of necessity, or is this a deliberate choice to foster deeper human connections?

For now, co-living seems to offer a promising middle ground—a blend of independence and community that meets the needs of today’s urban professionals. Whether it’s a sustainable model for the future remains to be seen, but for residents like Ishan, it’s a choice that has already enriched their lives.

Final Thoughts

Co-living might not be for everyone. It requires a certain level of flexibility, tolerance, and a willingness to engage with others. But as Ishan’s experience shows, the rewards—community, friendships, and a rich social life—often outweigh the compromises. As cities like New York continue to evolve, co-living could very well be the answer for those seeking more than just a place to live, but a place to belong.

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The Art Collection Advantage: Elevating Your Hamptons Home's Aesthetic and Value

The Hamptons boasts an illustrious history and tradition of embracing art in various forms, from esteemed galleries to incredible private collections displayed in luxurious homes. An exceptional art collection not only elevates the aesthetic appeal of your Hamptons abode but can also contribute significantly to its overall value.

At Off The MRKT, we pride ourselves on presenting expert-driven, intent-focused content tailored to your interests in Hamptons and New York City luxury real estate and lifestyle. Allow our engaging articles and invaluable insights to guide and inspire your journey as you explore the finest offerings of the East Coast's real estate world and immerse yourself in a lifestyle that truly knows no bounds.

In this article, we will explore the advantages of strategically curating an art collection for your Hamptons residence, providing expert tips on selecting the right pieces and showcasing them in ways that can positively influence your home's real estate prospects.

Building Your Collection: Expert Tips for Selecting the Right Artwork

Embarking on the journey of curating a remarkable art collection for your Hamptons home requires careful consideration, research, and an informed approach to selecting the right pieces that reflect your unique personality and taste.

1. Discover Your Personal Style:

Whether you prefer contemporary, abstract, or traditional pieces, identifying your artistic preferences and honing in on a distinct personal style will help guide your selection process and create a cohesive collection.

2. Research and Education:

Take the time to learn about the artists, their background, techniques, and the story behind each piece. This understanding will not only enrich your appreciation for the artwork but can also add significant value when discussing your collection with potential buyers or guests.

3. Quality over Quantity:

Focus on acquiring high-quality works of art that hold their value over time instead of amassing a large quantity of pieces that may not have the same long-term appeal or investment potential.

The Art of Display: Showcasing Your Collection in a Welcoming and Engaging Manner

The manner in which your art collection is displayed plays a crucial role in enhancing your home's aesthetic appeal and creating an inviting atmosphere for guests or potential buyers.

1. Consider Lighting and Space:

Utilize natural and artificial lighting to illuminate your artwork and create a visual focal point. Ensure that each piece has ample breathing room, avoiding overcrowding or clutter that detracts from the artwork's impact.

2. Cohesive Flow and Balance:

Arrange your collection in a way that creates a harmonious flow throughout your home, balancing the types of pieces, their sizes, and color schemes to create a visually captivating and seamless experience.

3. Rotate and Refresh:

Keep your display dynamic by periodically rotating and updating your collection. This practice will not only inspire renewed appreciation for your art but can also pique the interest of visitors and buyers alike.

Art as an Investment: Understanding the Value of Art in the Real Estate Market

Incorporating a thoughtfully curated art collection into your Hamptons home can significantly influence its value and real estate potential.

1. Cultural Capital and Prestige:

A well-rounded art collection demonstrates an appreciation for culture and sophistication, elements that are highly valued and sought-after within the Hamptons real estate market.

2. A Point of Differentiation:

A signature art collection can set your property apart from others in a competitive market, providing a unique and memorable aspect that resonates with potential buyers.

3. Increasing Valuation:

Investing in quality artwork that is likely to appreciate in value over time can make a considerable impact on the overall worth of your property, offering both aesthetic and financial benefits.

Key Art Venues and Resources in the Hamptons

The Hamptons is home to a vibrant artistic community and numerous venues that can assist in your pursuit of building an extraordinary art collection.

1. Art Galleries:

Visit notable local galleries, such as the Eric Firestone Gallery, the RJD Gallery, and the Grenning Gallery to find inspiration and discover emerging talents or coveted pieces.

2. Auction Houses:

Keep an eye on renowned auction houses like Christie's and Sotheby's in the Hamptons, as these establishments not only provide opportunities for acquiring exceptional artwork but can also appraise and advise on the value of the pieces in your collection.

3. Art Festivals and Fairs:

Attend annual events, such as Art Hamptons or Market Art + Design, offering the perfect environment to explore and develop your artistic knowledge, connect with like-minded individuals, and potentially uncover hidden gems for your collection.

Conclusion:

Strategically curating an art collection has the potential to elevate your Hamptons home both aesthetically and financially, creating a welcoming environment that intrigues guests and potential buyers alike.

By taking a thoughtful approach to selecting the right artwork, showcasing your collection effectively, and understanding the value of art in the real estate market, you can establish your Hamptons property as a distinguished and memorable destination. Furthermore, by immersing yourself in the vibrant local art scene and utilizing available resources, your collection will not only spark joy and inspiration within your residence but also serve as a valuable investment that enhances the allure of your Hamptons home for years to come.

Dive into the captivating world of Hamptons and New York City luxury real estate and upscale living with Off The MRKT. Providing you with a rich selection of engaging content, we'll take you on a journey where white-sand beaches meet iconic skyscrapers, enchanting our readers with the latest lifestyle and real estate trends, insights, and opportunities. Subscribe to our newsletter, and get the best articles and property management tips delivered to your inbox!

Your Guide to Hamptons Real Estate Market Trends in 2025

Welcome to the summer of 2025, a prime season for exploring the Hamptons real estate market. The Hamptons, with its scenic beauty and luxurious living, continues to attract both residents and investors alike. Understanding current market dynamics is crucial for making informed decisions, whether you're buying, selling, or just curious about the real estate trends.

In 2025, the Hamptons real estate market is seeing some exciting changes. From emerging neighborhood hotspots to shifting price factors, there's plenty to keep an eye on. With beautiful summer weather enhancing the appeal of properties, now is the perfect time to dive into what makes this market tick. For those looking to buy, new opportunities abound, and sellers can capitalize on the high demand.

Let’s dive into the specifics of what’s trending this year, what factors are driving these changes, and how you can navigate the market effectively. Whether you’re a seasoned investor or a first-time buyer, understanding these aspects will help you make the best decisions for your real estate goals in the Hamptons.

Current Market Overview: What's Trending in 2025

The Hamptons real estate market in 2025 has continued to show remarkable vitality. One of the most noticeable trends is the demand for luxury properties. High-end buyers are particularly interested in homes that offer privacy, state-of-the-art amenities, and stunning views. These properties often come with price tags that reflect their exclusivity and prime locations.

Sustainable and energy-efficient homes are also gaining popularity. Many buyers are looking for properties with eco-friendly features, like solar panels and energy-efficient appliances. This trend is driven by a growing awareness of environmental issues and the long-term savings these features can provide. As a result, builders and sellers who incorporate green technologies find their properties more attractive to potential buyers.

Key Neighborhoods to Watch in the Hamptons

Several Hamptons neighborhoods are standing out in 2025 for their unique characteristics and growth potential. East Hampton remains a favorite with its charming village center, high-end boutiques, and proximity to beautiful beaches. This area offers a mix of historic homes and modern estates, catering to a wide range of tastes.

Sag Harbor is another neighborhood that’s drawing a lot of attention. Known for its rich history and vibrant arts scene, Sag Harbor offers a blend of quaint, small-town charm and luxurious waterfront properties. It's an ideal location for those who appreciate a close-knit community atmosphere alongside the perks of Hamptons living. We also see Montauk gaining popularity, not just for its beaches and surf culture, but for its more laid-back vibe compared to other parts of the Hamptons. Montauk offers a unique blend of natural beauty and cultural activities, making it a hot spot for both investors and new residents.

Factors Influencing Hamptons Real Estate Prices

Understanding the various factors influencing Hamptons real estate prices in 2024 is crucial for anyone looking to buy or sell. One significant influence is the seasonal demand. Summer typically sees a surge in buyers looking for vacation homes, which can drive prices up. We notice that homes near popular beaches or in elite neighborhoods tend to be more expensive during these peak months. The lingering effects of the pandemic have also heightened the desirability of properties that offer outdoor space and privacy, pushing up the value of larger lots with garden areas.

Another important factor is the general economic environment. Interest rates play a pivotal role; lower interest rates often make borrowing more affordable, leading to more buyers entering the market. Conversely, higher interest rates may slow down the demand, but can still keep the market active as buyers look to invest in stable assets. Local amenities also play a part. Proximity to quality schools, gourmet restaurants, shopping centers, and cultural institutions can significantly raise property values, making those areas highly sought after.

Tips for Buyers and Sellers in the 2024 Market

Navigating the real estate market in 2024 requires strategic thinking and preparation. For buyers, we recommend getting pre-approved for a mortgage before you start your search. This not only helps you understand what you can afford but also makes you a more attractive candidate to sellers. Be prepared to act quickly, as desirable properties in the Hamptons tend to move fast, especially during the summer. It’s also wise to work with a local real estate agent who understands the nuances of the Hamptons market and can guide you to the best deals.

Sellers, on the other hand, should focus on making their homes as appealing as possible. A well-staged home can make a significant difference in attracting potential buyers. Highlight any unique features your property offers, such as a spacious backyard, modern kitchen, or proximity to the beach. Pricing your home correctly from the start is crucial; overpricing can lead to longer time on the market, while underpricing might mean leaving money on the table. Again, working with a knowledgeable real estate agent can ensure you set a competitive price that reflects your home’s true value.

Conclusion

In 2024, the Hamptons real estate market continues to thrive, offering both challenges and opportunities for buyers and sellers. With summer in full swing, now is the perfect time to dive into the market armed with the latest trends and insider tips. Whether you seek a family-friendly home, a luxurious beachfront property, or a quiet retreat, understanding the current landscape can guide you to make informed and confident decisions.

We've journeyed through the factors shaping the market and provided actionable advice to help you navigate this dynamic environment effectively. If you're ready to experience the Hamptons lifestyle, reach out to us at Off The MRKT. Let’s explore the best options together and find the perfect property that meets your needs and lifestyle.